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Charter On Verge of Sending Offer Letter to Time Warner Cable Report

Bloomberg News reported on Friday that Charter could send an offer letter to TWC as early as next week. Citing an anonymous source, Bloomberg said pricing would amount to less than $135 per share and be comprised of cash and stock, for an equity value of about $38 billion.

Charter is the fourth-largest cable operator in the United States, while TWC is No. 2. But TWC has been losing subscribers due to customer service issues and to AT&T’s U-verse and Verizon’s FiOS. On the business services side, however, TWC is thriving.

There’s no word on Comcast’s reaction to Friday’s news the company also reportedly wants to buy TWC. The channel impact of any such cable deal also remains unclear.

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